Rawpride

The ultimate BTC Fuck everyone but the HODLERs scenario

Short
BNC:BLX   Bitcoin Liquid Index
Over 300k by mid 2023, with a severe fake out before a stupid steep bull run. Pure speculation based on the fact that we seem to be forming a similar pattern to when first fell from $1.2k to $400, and bounced up to $650, then fell down to $150. The percentages do not line up well, but the pattern looks very similar. A lot of people have called for the 1200 level to be retested for a long time, and that is a level that I believe would bring a lot of buyers out of the woodwork, so in the unlikely event that this scenario does play out, I do not think the 1.2k level would be breached. I also am not sure the similar rocky bottom from the fractal pattern would end up playing out again this time. I think we could more likely see a V at the bottom if we happen to go making new lows. BTC sure is impossible to predict
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.